Stay updated with breaking news from Dan isaacson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
boris johnson is now then you british prime minister. he vowed that the u.k. will leave the e.u. on october 31. we ll tell you why his job is harder than he may think. carol: plus, our conversation with the hilton ceo, chris nassetta, on how the trade spats are affecting his company. jason: but we begin with bloomberg businessweek editor joel weber. joel, let s start with the international cover. it s a look about the bond market, debt, what s going on? joel: cheap money has been around for a decade now, and it is having a profound effect in the global economy. we look at the ecb this week and negative rates. negative rates has been an untested policy tool that japan was using. and now it s starting to spread. it was going to go away, and now it s back almost, and it s just a profound idea that a bondholder would invest in something that, if you hold that for duration, you re going to lose money. it just goes against the principles of, like, investing, right? this is ....
harder than he may think. carol: plus, our conversation with the hilton ceo, chris nassetta, on how the trade spats are affecting his company. jason: but we begin with bloomberg businessweek editor joel weber. joel, let s start with the international cover. it s a look about the bond market, debt, what s going on? joel: cheap money has been around for a decade now, and it is having a profound effect in the global economy. we look at the ecb this week and negative rates. negative rates has been an untested policy tool that japan was using. and now it s starting to spread. it was going to go away, and now it s back almost, and it s just a profound idea that a bondholder would invest in something that, if you hold that for duration, you re going to lose money. it just goes against the principles of, like, investing, right? this is investing 101. carol: who would ve thought if you go back even a decade ago, that we would in this environment? here we are. and it affects ev ....
eu on october 31. traits pets are affecting his company. , we begin with editor joel weber. joel, let s start with the international cover. it s a look about the bond market, debt, what s going on? joel: cheap money has been around for a decade now, and it is having a profound effect in the global economy. we look at the ecb this week and negative rates. negative rates has been an untested policy tool that japan was using. and now it s starting to spread. it was going to go away, and now it s back almost, and it s just a profound idea that a bondholder would invest in something that, if you hold that for duration, you re going to lose money. it just goes against the principles of, like, investing, right? this is investing 101. carol: who would ve thought if you go back even a decade ago, that we would in this environment? here we are. and it affects everything. joel: the idea of low rates was to spur growth. that s not happened. and this problem just keeps getting worse ....
30 minutes before the european close, let s see where we are. the stoxx 600 is up. most stocks in europe are higher, with the exception of italy, facing off with europe on its deficit. the leadership in italy is not exactly stable either. fiat chrysler down 7/10 of 1% as talks continue. reno trying to merge with fiat chrysler. we will see. in line with the drop we are seeing in auto stocks, there may the talks tween stalling of talks between the u.s. and europe. we are seeing the s&p trying to reach the 2800 mark again. yields have had a real journey over the past few days. index, even though we have very diverging stories here, all of the stocks of the s&p 500 retailing index are higher. that makes for a 4/10 of 1% gain. there are some retailers really dragging things down today, not least of which pvh, the parent , calvin klein,er and others. it looks like turkish president erdogan is perhaps backing down on some of his demands. meanwhile, trade talks between the u.s ....
policy plans for small business after she called a charm for his business practices in atlantic city. another fatal police shooting to report. protests growing after a man was shot during a traffic stop in minnesota with a one-man child in the vehicle. latest developments coming out. half a million hoverboards. companies polling devices out of stores. more competition in the auto industry. alibaba and done a smart car. mark is this morning looking as fighting for games. the dow jones industrial average expected to open up a fraction. later this morning we would get the latest on john did the adp report for the private sector employment out ahead of tomorrow s jobs report for the month of june. markets are higher across the board. the british pound bouncing back from the 31 year low giving some support for equities. in asia overnight, next action. the shanghai composite flat on the day world it edged down better than half of 1%. the hang seng and the cost be rising as yo ....